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The Construction Resource Management Process Explained

ProjectManager.com

There are many different types of construction resources beyond labor and we’ll define them as well as the process for construction resource management. Construction resource management is the process of planning and managing resources on a construction site. What Is Construction Resource Management?

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The Budgeting Process in Business & Project Management

ProjectManager.com

Without funding and the proper budgeting process, projects in any industry grind to a halt. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget. A budget process outlines the resources needed for managing a business or project, but that’s not all a budget can do.

Budget 253
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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

Through this process of detailed examination, the change control board decides on the viability of the change request or makes recommendations accordingly. The change manager is responsible for documenting the change management process and the necessary plans to implement the change. Developing a Process for the Change Control Board.

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What Is Contract Administration? Key Practices and Processes

ProjectManager.com

Contract administration is the process of creating a contract between employer and contractor. The process ends when the contract is agreed upon and everyone has signed the dotted line. Contract administration can be a long process, especially if it is the first time an employer and contractor are working together.

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Project Financial Management: Managing Project Financials

ProjectManager.com

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. We’ll get to that and define the various project financials before getting into the process of managing a project’s finances. It’s more than just keeping up with costs.

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Project Management Processes & Phases

ProjectManager.com

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. The project plan will include what resources are needed, financing and materials. Define those contracts and who they’ll go to. Monitor and Control.

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IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. IT financial management is made up of the processes and tools that are needed to manage and analyze IT costs. IT financial management is made up of the processes and tools that are needed to manage and analyze IT costs.